Climate action

Rising greenhouse gas emissions are driving climate change at a rate much faster than anticipated. Global CO2 levels reached more than 145% of pre-industrial levels in 2017, and the pathway to 1.5 degrees celsius (the threshold for dangerous global warming) is at serious risk. While the use of renewable energy has grown, it still remains only 15-20% of global energy consumption, and approximately 800 million people do not have electricity or clean cooking fuels. Far more ambitious and accelerated action is needed to mitigate and adapt to the impacts of climate change. Corporations can lead in this effort in many ways, including by reducing their carbon intensity and greenhouse gas emissions, engaging with supply chains on efforts to reduce emissions, transparent reporting on climate change impact, development of innovations that address climate change (such as clean energy technologies), and supporting adoption of clean energy technologies (for example, by transitioning vehicle fleets to electric vehicles)